It was only a matter of time: (Reuters) - The world’s major central banks acted jointly on Wednesday to provide cheaper dollar funding to European banks facing a credit crunch as the euro zone’s debt crisis drove EU ministers to
Archive for November, 2011
Vietnamese Bank Offers Gold Time Deposits
I just got this from an ex-pat living in Vietnam - the Asia Commercial Bank in Vietnam is offering Time Deposits denominated in Physical Gold. If it can be done in “Communist” Vietnam, why not here!? You can visit the
Post 2008 Financial Sector - More Risk Not Less
Saying that Europe is a major credit risk is an understatement. It is so hard to keep up with what is going on over there: one day we have a bailout agreement for Greece, the next day the Greek PM
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Flaherty Eliminating Tariffs
From Reuters (ht Mark Perry): Canadian Finance Minister Jim Flaherty said on Sunday the government would eliminate tariffs on dozens more products used by Canadian manufacturers, aiming to lower their costs and encourage more hiring.The initiative would scrap custom duties
The Ever-Changing Means of Mr Doubter…
[Originally posted at Gresham’s Law] Mr Doubter, otherwise known as the child who pointed out the Emperor’s lack of clothes, has always played a key role in monetary affairs. However, the tools with which he has done his doubting have
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New Bloomberg Info On Fed Bailouts
Last August, Bloomberg news released some uncovered details from its hard fought “Right to Know” request it launched against the Federal Reserve and its actions during the heat of the financial crisis. Though lauded with praise by numerous media outlets,
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Why Mises (and not Hayek)?
In Response to the discussion raging I thought I would post this talk given by HHH in Vienna at the Mises Institute Supporters Summit. Redmond is the director of the Ludwig von Mises Institute of Canada.
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Forget Stimulus, Deregulate
Canada managed to escape the initial financial crisis, between late 2007 and early 2009, in better condition than its major global financial partners. It did so for a variety of reasons. Canada’s economy is by and large “freer†than that of the
Minarchists, What’s Their Excuse?
“… the State claims and exercises the monopoly of crime …. It forbids private murder, but itself organizes murder on a colossal scale. It punishes private theft, but itself lays unscrupulous hands on anything it wants, whether the property of
NY Fed Admits It Was Wrong
It often takes a great deal of courage to admit when you are just plain wrong. It takes an even greater amount of chutzpah to admit that you are wrong after your mistake caused years of misery for millions and
Jim Rogers On China and U.S.
Jim Rogers is out with a new podcast interview with China Money Podcast which can be listened to here. Important points include: China’s property bubble is different from the U.S. as it is more of a pricing problem rather than
Paper bugs, or, Stupid Arguments Against Gold
Originally posted @Â http://www.freebanking.org/ Persons familiar with my writings on monetary reform know that, far from being anyone’s idea of a gold bug, and despite my conviction that those monies work best that governments govern least, I’ve always shied away from
The Green Superstate - what the global warmers really want
Who poses the greater threat to freedom?  Colonel Gaddafi? The Taliban? Or let’s look closer to home, at a sinister group with far, far greater influence on the future of Western civilization. The Green zealots, with their bicycles and wispy
All That is Green is Not Gold
With voters punishing the Liberal Party in early October, it may be time to rethink some of the policies in dispute. Chief among these is the green-energy policy, which apparently was responsible for the defeat of at least seven Liberal incumbents.
Murray Rothbard & Occupy Toronto
So the Occupiers are being kicked out. There’s a debate about whether they should be allowed to stay. Critics are saying “you’ve made your point, now go home” while Occupiers like Nick Williams are saying “This document [Charter of Rights
Daily Show gains some credibility…
[youtube_sc url=http://www.youtube.com/watch?v=H6qkv4TMTLo] Maybe Jon has been reading up on some Ron. Redmond is the director of the Ludwig von Mises Institute of Canada.
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Climategate 2.0
It looks like the global push to centrally plan the global economy has hit another roadblock. From www.wattsupwiththat.com Early this morning, history repeated itself. FOIA.org has produced an enormous zip file of 5,000 additional emails similar to those released two
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Collectivized Care: Keystone of the Statist Society
The Canada Health Act, the crown jewel of the CCF, and Liberal Party is the most characteristic attribute that comes to mind with any discussion of Canada. Some writers even say that the State-run healthcare has become part of Canadian
